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List economic and non- economic factors that are to be considered while allocating funds to upgrade and replace deficient bridges.
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Explanation of Solution
Deficient bridge: Structurally deficient means that there are certain elements of the bridge that needs to be monitored consistently and/or it requires to be repaired. If a bridge is regarded as "structurally deficient" doesn’t mean that it is likely to collapse or that it is unsafe to use but It means that the bridge should be inspected, monitored, and should be maintained for safe usage
Upgrade: means to improve the quality of that bridge. So, as to make it a strong one.
Replace: to build a new one in place of the old one.
So, an engineer has to decide that if a bridge is structurally deficient that whether he should spend money to replace it or to restore it.
While upgrading and replacing the deficient bridges there are a number of economic and non-economic factors that need to be considered are as follows:
Economic factors that need to be considered are:
- Labor
- Capital
- Technological progress
Non -economic factors are:
- Culture
- Role of government
- Tradition
- Society as a whole
- Religion.
Conclusion:
So, all the above mentioned factors are to be considered so that it does not hurt the sentiments of any person. So that there is overall growth of the society.
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Chapter 13 Solutions
ENGR.ECONOMIC ANALYSIS
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